Canadian Natural ResourcesSTU:CRC +0.62%69 EV-to-FCF is 20.24 as of Jul. 05, 2026, which is 52% above its 10-year median of 13.35. GuruFocus rates STU:CRC with a GF Score™ of 69/100 and a GF Value™ of €29.73 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 578 Oil & Gas companies, Canadian Natural Resources ranks worse than 63.32% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Canadian Natural Resources's Enterprise Value is €82,982 Mil.
Canadian Natural Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €4,101 Mil. Therefore, Canadian Natural Resources's EV-to-FCF for today is 20.24.
The historical rank and industry rank for Canadian Natural Resources's EV-to-FCF or its related term are showing as below:
STU:CRC'
s EV-to-FCF Range Over the Past 10 Years
Min: -182.95 Med: 13.35 Max: 578.73
Current: 20.38
During the past 13 years, the highest EV-to-FCF of Canadian Natural Resources was 578.73. The lowest was -182.95. And the median was 13.35.
STU:CRC's EV-to-FCF is ranked worse than 63.32% of 578
companies
in the Oil & Gas industry
Industry Median: 15.49
vs STU:CRC: 20.38
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Canadian Natural Resources (STU:CRC) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Canadian Natural Resources's PE Ratio (TTM) for today is calculated as:
Canadian Natural Resources's share price for today is €34.865.
Canadian Natural Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.247.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Canadian Natural Resources EV-to-FCF Related Terms
Canadian Natural Resources EV-to-FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas E&P subindustry, Canadian Natural Resources's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Canadian Natural Resources EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's EV-to-FCF falls into.
Canadian Natural Resources's current Enterprise Value is €82,982 Mil.
Canadian Natural Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,101 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Canadian Natural Resources (STU:CRC) has a EV-to-FCF of 20.24 as of Jul. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Canadian Natural Resources and its competitors. This is 52% above median its historical median of 13.35. According to the industry distribution chart, Canadian Natural Resources ranks #366 out of 578 companies in the Oil & Gas industry, placing it in the top 63.3%.
Is Canadian Natural Resources' EV-to-FCF too high?
Canadian Natural Resources' current EV-to-FCF of 20.24 is 52% above median its 10-year median of 13.35. The Oil & Gas industry median EV-to-FCF is 15.49. Canadian Natural Resources' value of 20.24 is 30.7% above this industry median. Based on the distribution chart, Canadian Natural Resources ranks #366 out of 578 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Canadian Natural Resources has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' EV-to-FCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #366 out of 578 companies for EV-to-FCF. This places Canadian Natural Resources in the lower half of its industry. The industry median EV-to-FCF is 15.49. Canadian Natural Resources' value of 20.24 is 30.7% above this benchmark. While the company's 10-year median is 13.35 vs. the industry median of 15.49, Canadian Natural Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current EV-to-FCF of 20.24 is 30.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current EV-to-FCF is 20.24, which is 52% above median its own 10-year median of 13.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Canadian Natural Resources (STU:CRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.73, compared to a current price of €34.87 — trading 17.3% above its estimated fair value. The current EV-to-FCF is 20.24, which is 52% above median its 10-year median of 13.35 and 30.7% above the Oil & Gas industry median of 15.49. Canadian Natural Resources' overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Canadian Natural Resources (STU:CRC), the current EV-to-FCF is 20.24 as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Canadian Natural Resources (STU:CRC) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued.
The current stock price of €34.87 is trading 17.3% above its estimated GF Value™ of €29.73.
GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.
Key valuation signals for STU:CRC:
EV-to-FCF: 20.24 (52% above median its 10-year median of 13.35)
GF Value™: €29.73 vs. price of €34.87 (17.3% above fair value)
Industry Position: 30.7% above the Oil & Gas median (#366 of 578)
No single metric tells the full story. See the STU:CRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
69GF Score
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